
#004 Former Assistant Treasury Secretary Gerry Parsky on Lessons from the 70s and Parallels to Now
The Julia La Roche Show
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The Importance of Fiscal and Monetary Stimulus
Inflationary pressures and yet at the same time, economic growth was curtailed. The word stagflation was a common word during the period of from 1977 leading up to 1980. What's needed as shown by the Reagan administration is both fiscal and monetary stimulus over stimulus. And if you have too much stimulus coming out of fiscal and monetary policies, interest rates alone are not going to resolve a problem.
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